Monthly Archives: May 2011

Steve Forbes: Johnny-Come-Lately To Gold

Debt, Economy, Elections, Federal Reserve Bank, Media, Ron Paul

The mummified media, the financial press included, called Rep. Ron Paul a lunatic when he explained again and again that “a return to the gold standard by the United States would help the nation solve a variety of economic, fiscal, and monetary ills,” created when President Richard Nixon abolished the Gold Standard.

“Such a move would help to stabilize the value of the dollar, restore confidence among foreign investors in U.S. government bonds, and discourage reckless federal spending. … With a stable currency, it is ‘much harder’ for governments to borrow excessively. … Without lax Federal Reserve System monetary policies that led to the printing of too much money, the housing bubble would not have been nearly as severe.”

You don’t say?!”

Actually, these are Steve Forbes’ words, not Paul’s. Forbes is currently singing from the Paul hymn-sheet, and it is music to the ear.

Of course, this is not to say one should embrace Paul’s political opponents, just because they’ve arrived at the correct economic conclusion, now that it’s probably too late.

Goldbugs know that gold is a necessary financial hedge in the survival on the road to serfdom.

Watch out! Gold is bad for government health. Remember Executive Order 6102? FDR, idolized by BHO and many a Republican alike—by almost all offshoots of the duopoly, in fact—forbade “the Hoarding of Gold Coin, Gold Bullion and Gold Certificates” at pains of punishment: a fine of “not more than $10,000, or “imprisoned for not more than ten years or both.”

Israeli Wants to Ape Americans

Ethics, Etiquette, Israel, Morality, Pop-Culture, Terrorism

I grew up in Israel and have never witnessed Israelis throng to Rabin Square (previously “Kings of Israel Square”) to celebrate the death of an enemy, although I’ve seen them a form human chain from Tel-Aviv to Haifa to stop a war.

Yet, such civility is bemoaned in a deeply stupid article on YNetNew.com. Why stupid? The author collapses the distinction between joy on the streets over Israel’s declaration of independence (November 29, 1947), or its winning of the European basketball championship with “public celebrations of battlefield victories.”

The same writer quotes The Book of Proverbs: “Do not rejoice when your enemy falls,” but asserts, without citation or scholarly substantiation, that this crystal-clear proverb “refers to domestic enemies.”

All in all, the idea of mounting an argument in favor of gloating over the death of an enemy—for bad taste—says it all about the Age of the idiot.

On The Mike Church Show

Ilana Mercer, IlanaMercer.com, Media, South-Africa

On Monday morning, May 9, at 8:05 ET, I will be talking to the King Dude, the one and only Mike Church. Much marginalized by the “DeceptiCONS,” as he calls the custodians of allowable opinion in contemporary America, Mike is “a man, a myth and a machine of clear Constitutional thought.”

Topics: We’ll touch on my new book, Into the Cannibal’s Pot: Lessons For America From Post-Apartheid South Africa. You can pre-order the book from the publisher. In about 10 days, it will be available from Amazon too. If you pre-order from the publisher, shipping is free, where ever you live (South Africa included).

Praise for Into the Cannibal’s Pot is here.

We will be discussing the bin laden orgy too.

I hope I am compos mentis at 5:05AM PT.

Bush Would Have Used The BLU-82

Barack Obama, Bush, Foreign Policy, Homeland Security, Republicans, Terrorism, War

Incredibly, some Republican Party media megaphones have been making the case that Bush deserves credit for the actions of Obama in eliminating Osama bin Laden. There is something particularity rank about this tack. It is one thing to credit the operatives in the field, but quite another to commend a far-removed gas bag like Genghis Bush with the kill. That is if you support what some are calling an extra-judicial killing. A Gallup survey indicates that “More than 9 in 10 Americans approve of the U.S. military action that killed Osama bin Laden on Sunday.”

What will it take for certain Republicans to give credit where credit is due? Would BHO need to switch parties (a minor ideological conversion, really).

The same Gallup poll shows, however, that, “Thirty-five percent say he deserves a great deal of credit and another 36% say he deserves ‘a moderate amount’ of credit. More than a quarter say he does not deserve much or any credit at all.”

This is probably a function of the general antipathy toward Obama’s policies, and not an objective assessment of the operation in Abbottabad, Pakistan.

Rest assured that if something had gone wrong, the sitting president would have been blamed. “Former President Jimmy Carter knows about that,” notes the Huffington Post. “In 1980, Carter approved a plan to rescue the American hostages in Iran that ended in failure and left eight American servicemen dead. The botched mission was cited as one factor in Carter’s defeat when he ran for re-election.”

The attempt to drag Bush into this says something about the convergence of the two parties on matters of foreign policy. Obama has “embraced his inner neocon.” As a consequence, Republicans have few bones to pick with the president on the foreign policy front. What remains in their bag of political tricks is to make hay of his exotic origins (birth certificate), or to claim that his predecessor paved the way for (what they perceive to be) his recent success.

In any event, Bush’s military signature is the Daisy Cutter.